Crocs (NASDAQ:CROX) Stock Bumped Up to “Strong-Buy” by Wall Street Zen

Wall Street Zen upgraded shares of Crocs (NASDAQ:CROX) from a buy rating to a strong-buy rating in a research note released on Sunday morning,Wall Street Zen reports.

Several other research firms have also weighed in on CROX. Needham & Company LLC lifted their price target on Crocs from $150.00 to $190.00 and gave the company a “buy” rating in a research report on Thursday. Weiss Ratings raised Crocs from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, October 26th. BTIG Research reiterated a “neutral” rating on shares of Crocs in a research note on Thursday. Williams Trading set a $184.00 price objective on Crocs in a research report on Friday. Finally, Robert W. Baird set a $163.00 price objective on Crocs in a report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $158.30.

Crocs Price Performance

Crocs stock opened at $150.52 on Friday. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.44 and a quick ratio of 0.86. The company has a market cap of $6.88 billion, a PE ratio of 11.24, a price-to-earnings-growth ratio of 1.20 and a beta of 1.49. The stock’s 50 day moving average price is $120.41 and its 200 day moving average price is $109.73. Crocs has a 1-year low of $73.21 and a 1-year high of $154.05.

Crocs (NASDAQ:CROX) last issued its quarterly earnings results on Thursday, October 29th. The textile maker reported $3.69 earnings per share for the quarter, beating analysts’ consensus estimates of $3.31 by $0.38. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1 billion. Crocs had a net margin of 16.20% and a return on equity of 49.35%. Crocs’s revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the company earned $2.92 EPS. On average, sell-side analysts predict that Crocs will post 14.62 EPS for the current fiscal year.

Insider Activity at Crocs

In related news, CEO Andrew Rees sold 19,072 shares of the firm’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $138.91, for a total transaction of $2,649,291.52. Following the completion of the transaction, the chief executive officer directly owned 713,293 shares of the company’s stock, valued at approximately $99,083,530.63. This trade represents a 2.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Beth Kaplan bought 885 shares of the business’s stock in a transaction on Tuesday, September 15th. The shares were acquired at an average cost of $112.12 per share, for a total transaction of $99,226.20. Following the transaction, the director directly owned 15,259 shares in the company, valued at approximately $1,710,839.08. This trade represents a 6.16% increase in their position. The SEC filing for this purchase provides additional information. 3.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Crocs

A number of institutional investors have recently made changes to their positions in the business. Root Financial Partners LLC boosted its stake in Crocs by 96.3% in the 1st quarter. Root Financial Partners LLC now owns 320 shares of the textile maker’s stock worth $27,000 after purchasing an additional 157 shares during the period. Versant Capital Management Inc grew its holdings in Crocs by 95.9% during the third quarter. Versant Capital Management Inc now owns 290 shares of the textile maker’s stock worth $34,000 after purchasing an additional 142 shares during the period. Global Retirement Partners LLC bought a new position in shares of Crocs in the second quarter worth $42,000. Allworth Financial LP bought a new stake in shares of Crocs in the second quarter worth $53,000. Finally, Persistent Asset Partners Ltd acquired a new position in shares of Crocs during the 2nd quarter valued at $55,000. 93.44% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Crocs

Here are the key news stories impacting Crocs this week:

• Positive Sentiment: Quarterly earnings and revenue beat expectations. Crocs reported adjusted EPS of $3.69 versus the $3.31 analyst consensus, while revenue increased 4.7% year over year to approximately $1.04 billion, ahead of estimates near $1.00 billion. Crocs quarterly earnings report
• Positive Sentiment: Management raised its full-year forecast for the third consecutive time. Crocs now expects 2026 revenue growth of approximately 3%, up from its prior 1%–2% outlook, and projects fourth-quarter revenue growth of roughly 7%–9%. Crocs Q3 results and outlook
• Positive Sentiment: HEYDUDE returned to growth. HEYDUDE revenue increased about 6%, easing concerns about the struggling brand and strengthening the case for a broader recovery. Crocs Brand revenue also grew approximately 4.4%. Reuters HEYDUDE turnaround article
• Positive Sentiment: Profitability and shareholder returns improved. Gross margin expanded to 66.2% from 58.5% a year earlier, operating income rose more than 40%, and the company repurchased approximately $250 million of stock during the quarter.
• Positive Sentiment: Analysts became more bullish. Barclays raised its price target to $178 and assigned an “overweight” rating, while Needham raised its target to $190 and reiterated a “buy” rating. Barclays CROX rating
• Neutral Sentiment: Technical coverage highlights that CROX has moved above its 20-day and 50-day moving averages and reached a new 52-week high, signaling positive momentum but also increasing the risk of profit-taking after the sharp advance. CROX moving average analysis
• Negative Sentiment: Some commentary notes that international growth is helping offset weaker U.S. performance, while tariff-related benefits and buybacks contributed to the earnings improvement. These factors could make comparisons less favorable if they do not persist.

Crocs Company Profile

Crocs, Inc is a global footwear company best known for its Crocs brand of casual, lightweight shoes. Its product portfolio includes clogs, sandals, slides, boots and other casual footwear, along with accessories such as Jibbitz charms, which are designed to personalize Crocs shoes.

The company was founded in 2002 and introduced its first clog that year. Crocs has expanded from its original molded footwear into a broader lifestyle brand, offering products for women, men and children through company-operated and third-party retail stores, e-commerce platforms and wholesale partners.

In 2022, Crocs completed its acquisition of HEYDUDE, adding the casual shoe brand to its portfolio.